Altair Engineering

Altair Engineering Inc. is a global technology company that provides software and cloud solutions in the areas of product development, high-performance computing (HPC), and data analytics. Here are some key points about the company:


Overview



  • Founded: 1985

  • Headquarters: Troy, Michigan, USA

  • CEO: James R. Scapa, who is also one of the founders.


Core Offerings



  1. Software Solutions:



    • Computer-Aided Engineering (CAE): Altair is well-known for its CAE software, which includes structural analysis, fluid dynamics, and multi-body dynamics simulations.

    • High-Performance Computing (HPC): Altair provides solutions for HPC that help organizations manage and optimize their computing infrastructure.

    • Data Analytics and AI: The company offers tools for data visualization, machine learning, and data mining to help businesses make data-driven decisions.



  2. Product Portfolio:



    • Altair HyperWorks: A comprehensive suite of simulation tools used for engineering design and analysis.

    • Altair OptiStruct: A structural analysis solver for linear and nonlinear problems.

    • Altair AcuSolve: A general-purpose computational fluid dynamics (CFD) solver.

    • Altair Feko: Used for electromagnetic field analysis.

    • Altair PBS Works: A suite for workload management in high-performance computing environments.



  3. Cloud Solutions:



    • Altair offers cloud-based platforms that facilitate easy access to their suite of software tools without the need for extensive on-premises infrastructure.




Clientele and Industries


Altair serves a diverse range of industries including automotive, aerospace, defense, energy, electronics, and consumer goods. Its clients include many of the world’s leading companies, which use Altair’s solutions to improve product performance, reduce costs, and accelerate innovation.


Innovation and R&D


Altair is committed to innovation, continuously investing in research and development to advance its technologies. The company collaborates with educational institutions and participates in various industry consortia and research programs.


Acquisitions and Expansion


Altair has grown both organically and through acquisitions. The company has acquired various firms to broaden its technological capabilities and market reach, including companies specializing in areas such as CFD, electromagnetics, and systems modeling.


Corporate Culture


Altair fosters a culture of inclusivity, collaboration, and continuous improvement. The company emphasizes the importance of empowering its employees and maintaining a diverse and inclusive work environment.


Financials


Altair is publicly traded on the NASDAQ under the ticker symbol ALTR. The company has shown consistent growth over the years, driven by increasing adoption of its software and cloud solutions.


In summary, Altair Engineering is a prominent player in the fields of engineering simulation, high-performance computing, and data analytics, providing comprehensive solutions that help organizations enhance their product development processes and operational efficiencies.


Products

Hyperworks

Coventry United Kingdom

Vanguard Centre, Sir William Lyons Road
Coventry WM CV4 7EZ
United Kingdom

Ships

CANBERRA EXPRESS

Container Carrier | Flag: Germany | Port: HAMBURG

Maritime News

Small Shipyard Grant Recipients Announced

Small Shipyard Grant Recipients Announced

21 hours ago
U.S. Transportation Secretary Sean P. Duffy has announced that the Maritime Administration (MARAD) has awarded $8.75 million in grants to revitalize U.S. shipyards and advance America’s maritime dominance.The funding is part of the Small Shipyard Grant program, which supports advanced training, workforce development and new technologies that strengthen U.S. shipbuilding and repair capabilities.  Duffy said the program will help America counter Chinese competition and maintain freedom on the seas.“Unleashing the full power of America's shipyards will boost our economic strength and national security,” said Acting Maritime Administrator Sang Yi.
Electric Passenger Ship Completes Range Test on Lake Constance

Electric Passenger Ship Completes Range Test on Lake Constance

yesterday
On July 10, 2025, the electric solar passenger ship "Insel Mainau," designed and built by Ampereship GmbH, completed a range test on Lake Constance. During a 19-hour continuous journey, the all-electric catamaran covered exactly 211.3 kilometers on the lake, with a remaining battery capacity of 20 percent. The ship was back in regular operation the very next day.The 300-kilometers mark would have been possible in a test designed exclusively for range. Another record journey is already planned for next year in order to be able to implement the data obtained on the currents in Lake Constance and the maximum energy efficiency of the ship.
Dozens Dead After Tourist Boat Capsize in Vietnam

Dozens Dead After Tourist Boat Capsize in Vietnam

yesterday
Dozens of rescuers were scrambling in Vietnam on Sunday to trace four missing people after retrieving the bodies of dozens killed when a thunderstorm capsized a boat in the top tourist destination of Halong Bay, authorities said.Despite a calm sea, rescuers, from police and border guards to divers and navy personnel, were battling limited visibility hours before the expected landfall in northern Vietnam of Typhoon Wipha, which is now approaching Hong Kong.The government said rescuers had managed to retrieve the sunken boat and revised down the death toll to 35 from an initial 38 on Saturday, while cutting an estimate of those aboard to 49 from 53
Tow Collision: Fatigued Pilot Distracted by Phone

Tow Collision: Fatigued Pilot Distracted by Phone

2 days ago
A tow pilot’s distraction caused by personal cellphone use resulted in a collision last year with moored barges on the lower Mississippi River, according to the National Transportation Safety Board.The towing vessel William B Klunk was pushing 22 loaded hopper barges on April 17, 2024, when the tow collided with moored barges at a fleeting area near Baton Rouge. Thirteen barges broke away from the William B Klunk tow and three barges broke away from the fleeting area, resulting in damage to the barges, a fleet crew boat and two mooring dolphins. The collision resulted in one minor injury and estimated damages of $810,000.The pilot reported using his personal cell phone during the transit.
Chevron Emerges as Winner in ExxonMobil Dispute Over Guyana Oil Field

Chevron Emerges as Winner in ExxonMobil Dispute Over Guyana Oil Field

4 days ago
Chevron will proceed with its $53 billion acquisition of Hess, after it prevailed in a landmark legal battle against larger rival Exxon Mobil to gain access to the largest oil discovery in decades.Shares of Chevron were up 3.6% in premarket trading, with Hess gaining nearly 7.4%. Exxon shares were up 0.3%.CNBC first reported the arbitration outcome. An Exxon Mobil spokesperson confirmed to Reuters that Chevron prevailed in the mediation over Guyana oil assets.Chevron and Hess did not immediately respond to Reuters request for comment.